HURC Hurco coming on strong Message Board

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Strategies & Market Trends : HURC Hurco coming on strong

HURC 17.18

+4.6%

Jan 9 3:59 PM EST

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To: Rumblinrob who wrote (337)	10/18/1997 9:37:00 PM
From: Doug R	of 380

All, Just thought I'd drop by with a bit of technicalese. The 13 day RSI has dipped just under the 50 level. That is pretty oversold for HURC. The last time it this term RSI was this low was the first week of August. That's just before HURC made a 55% move in 9 weeks. The long-term stochastics are still in the bullish range and shows that the possibility of another attempt at 9 1/2 could occur within 2 weeks. It's in a price range now that has historically been pivotal and somewhat volatile so I don't think it will be nice and boring for a little while. The most resistance HURC encounters is at 10 so expect it to be a bit frustrating as it tests that area if it gets there. There are currently no technical sell signals but at the current level of oversold it may be prone to 2 or 3 lower closes before it starts back up again. Doug R

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